Aftermarket

Tire Makers Yokohama and Kumho Forge Alliance

Yokohama Rubber and Kumho Tire signed a memorandum of understanding on Nov. 29 to start discussions of technology exchanges and a capital alliance premised on cross-shareholdings.

Through technology exchanges, the two companies aim to increase their competitiveness and enhance their future growth potential in the global tire market by sharing R&D resources and making more effective use of them through joint research and development on tires and related technologies.

Get more details from Heavy Duty Trucking magazine’s sister publication Modern Tire Dealer.